Laserfiche WebLink
date thereof, after giving notice of said sale thereof, once each week, for <br />two (2) weeks in the South Bend Tribune and in the Tri- County News. The <br />highest bidder shall be the one who offers the lowest net interest cost to <br />the City, to be determined by computing the total interest of all the war- <br />rants to their maturity or maturities and deducting therefrom the premium <br />bid, if any. The notice of the sale shall describe briefly the warrants, <br />setting out the facts in regard to the amount, denomination, rate of in- <br />terest, dates of issuance and maturity, and a fixed time and place for the <br />receiving of bids therefor. The Controller shall be authorized to reserve <br />the right to deliver all of said warrants at one time, or in parcels as <br />stated in said Notice. The Controller shall have the right to reject any <br />and all bids. In the event that no satisfactory bids for said warrants <br />are received at the time fixed in said notice, the sale may be continued <br />from day to day thereafter for a period not to exceed thirty (30) days <br />without readvertisement, but during the continuation of such sale no bid shall <br />be accepted which is lower than the higest bid received at the time <br />fixed for said sale in said notice. <br />Section 4. This Ordinance shall be in full force and effect from <br />and after its passage and signing by the Mayor. <br />Passed b the Common Council <br />day of , 1967. <br />ATTEST: <br />of the Common <br />City of South <br />3 <br />Presented by me to the Mayor of the City of South Bend, on the / <br />day of 1967, at the hour of 'clock j�L:.M. <br />CITY CLERP <br />This ordinance ap roved and signed by me o the day Qf , <br />1967, at the hour of o'clock -.M. A <br />Ist & 2nd READING <br />COMMITTEE OF THE WHSLE <br />PUBLIC HEARING 3 / 3 - i7 <br />3rd READING 3 '/ b -G 7 <br />NOT AFPROVEB <br />REFERRED <br />PASSED a / 3 -G 2 <br />- 3 - <br />100 <br />BEND <br />